David Blum reacted to the Treasury Department’s final Opportunity Zone regulations in a Miami Herald article. On December 19, the federal government released its final version of the rules, which are expected to lead to increased interest in investment.
The period for investing gains from the sale of business assets is of particular importance, according to the Miami Herald, as it now begins on the sale date. Previously, it was the end of the year in which assets were sold.
“The timing issue was very important. Before, it made no sense,” Blum said of the changes.